Mortgage Rates Hold Near Record Lows

By Carrie Bay | 12/08/2011

Freddie Mac released the results of its weekly mortgage rate survey Thursday, showing average fixed mortgage rates largely unchanged and near their record lows, helping to keep housing affordability high for those borrowers who are in the market. The 30-year fixed rate dipped from 4.00 percent last week to 3.99 percent. At 3.27 percent, the 15-year fixed rate averaged just slightly above its all-time low of 3.26 percent on October 6, 2011. Adjustable-rate mortgages (ARMs) rose slightly this week, but are coming off of all-time historic lows recorded last week.